Significant Change in Medigap Plans C and F Coming in 2020

Tom Kennedy Medicare

On Apr. 15, 2015, Congress passed the Medicare Access and CHIP Reauthorization Act of 2015, which will significantly change Medicare coverage in 2020. For anyone enrolling in Medicare after Jan. 1, 2020, they will not long be able to purchase a Medigap Plan C or Plan F. However, if you have purchased one of these supplemental plans by Dec. 31, 2019, the coverage will still be guaranteed renewable. It is important to note though that premiums could be subject to increase, which could make both Medigap plans cost prohibitive. The legislation The goal of the legislation is to revamp doctor reimbursement under Medicare, which is projected to cost up to $200 billion over the next decade, Elder Law Answers reported. …

Medicare Primer

Tony Montgomery Health Benefits, Medicare

If you’re nearing retirement age, or are over 65 and still working, you may have questions about Medicare. Read on for the information you need to know. What Is Medicare? Medicare is health insurance for people who are age 65 or older, under 65 with certain disabilities, or any age with End-stage Renal Disease (permanent kidney failure). Types of Medicare There are four types of Medicare: Medicare Part A helps cover inpatient care in hospitals, skilled nursing facilities, and hospice and home health care. Generally there is no monthly premium if you qualify and paid Medicare taxes while working. Medicare Part B helps cover medical services like doctors’ services, outpatient care and other medically necessary services that Part A doesn’t …